Corning (GLW) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GLW shares.
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10 Wall Street research analysts have issued 12 month price objectives for Corning's stock. Their GLW share price forecasts range from $33.00 to $42.00. On average, they anticipate the company's stock price to reach $39.00 in the next year. This suggests a possible upside of 24.4% from the stock's current price.
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Corning's stock was trading at $31.94 on January 1st, 2023. Since then, GLW stock has decreased by 1.8% and is now trading at $31.35.
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Corning saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 7,900,000 shares, a drop of 12.0% from the August 15th total of 8,980,000 shares. Based on an average trading volume of 4,200,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.0% of the shares of the company are short sold.
View Corning's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 24th 2023.
View our GLW earnings forecast.

Corning Incorporated (NYSE:GLW) posted its quarterly earnings data on Tuesday, July, 25th. The electronics maker reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The electronics maker earned $3.48 billion during the quarter, compared to the consensus estimate of $3.48 billion. Corning had a net margin of 4.72% and a trailing twelve-month return on equity of 13.22%. Corning's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS.
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Corning declared a quarterly dividend on Wednesday, June 21st. Stockholders of record on Thursday, August 31st will be given a dividend of $0.28 per share on Thursday, September 28th. This represents a $1.12 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, August 30th.
Read our dividend analysis for GLW.

ETFs with the largest weight of Corning (NYSE:GLW) stock in their portfolio include ProShares S&P Kensho Cleantech ETF (CTEX), ProShares S&P Technology Dividend Aristocrats ETF (TDV), ALPS Sector Dividend Dogs ETF (SDOG), US Equity Dividend Select ETF (RNDV), ASYMmetric Smart S&P 500ETF (ASPY), Motley Fool Next Index ETF (TMFX), WisdomTree U.S. AI Enhanced Value Fund (AIVL) and SPDR S&P Kensho Clean Power ETF (CNRG).

Corning (NYSE:GLW) pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.54%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 153.42%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, GLW will have a dividend payout ratio of 48.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GLW.

Corning issued an update on its third quarter 2023 earnings guidance on Tuesday, July, 25th. The company provided earnings per share guidance of $0.45- for the period, compared to the consensus EPS estimate of $0.53. The company issued revenue guidance of $3.50 billion-$3.50 billion, compared to the consensus revenue estimate of $3.70 billion.

413 employees have rated Corning Chief Executive Officer Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), Walt Disney (DIS) and Johnson & Johnson (JNJ).

Corning trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLW."

Corning's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.84%), State Street Corp (3.70%), Geode Capital Management LLC (1.91%), Northern Trust Corp (1.38%), Dimensional Fund Advisors LP (1.11%) and Bank of New York Mellon Corp (0.87%). Insiders that own company stock include Anne Mullins, Cheryl C Capps, Cheryl C Capps, Clark S Kinlin, David L Morse, David L Morse, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Robert P France, Roger W Jr Ferguson, Stefan Becker, Thomas Peterffy, Wendell P Weeks and Wendell P Weeks.
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Shares of GLW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GLW stock can currently be purchased for approximately $31.35.

Corning (NYSE:GLW) has a market capitalization of $26.74 billion and generates $14.19 billion in revenue each year. The electronics maker earns $1.32 billion in net income (profit) each year or $0.73 on an earnings per share basis.

The company employs 57,500 workers across the globe.

Corning's mailing address is ONE RIVERFRONT PLAZA, CORNING NY, 14831. The official website for the company is www.corning.com. The electronics maker can be reached via phone at (607) 974-9000, via email at irinfo@corning.com, or via fax at 607-974-2063.